Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

LaSalle Hotel Properties Prices Public Offering Of 8 Mln Shares At $23.70/Share

RELATED NEWS
Trade LHO now with 

LaSalle Hotel Properties (LHO: Quote) announced that it has priced public offering of 8 million common shares at $23.70 per share. The company also granted the underwriters an option to buy additional 1.2 million common shares.

The company intends to use offering net proceeds to fund all or a portion of the cost of future hotel acquisitions, to reduce amounts undercredit facility and for general corporate purposes.

Citigroup and Raymond James are acting as joint book-running managers. BMO Capital Markets is acting as lead manager, Deutsche Bank Securities, RBC Capital Markets and Wells Fargo Securities are acting as senior co-managers and BB&T Capital Markets, Piper Jaffray, PNC Capital Markets LLC and RBS are acting as co-managers.

Click here to receive FREE breaking news email alerts for LaSalle Hotel Properties and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.